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4
R. FORD
handouts hangs over - Puerto Rico.
Is the answer more inducements, other inducements to the factories?
Tão months ago
approved
Goyeinor Rffael Hernandez Colon
a new wrinkle in wage
will
incentives. The government pay 25% of the production payroll
costs
or new factories meeting certain criteria
for the first two years
with
The subsidy will help I (start-up costs and the learning curves
It wibl not go to a factory that does not show permanence and
will
not be
till
* paid over
the two years elasse, to make
sure the industry doesn t
levant.
dozen prospects
arexia negotiating no dealsx so fard
The basic) however,
feeling that something is fundamentally wrong, that
Puerto Rico has to start all over again and the sooner the better.
a netiren private banker
Guillerno Rodriguez Benitez, legantly battored bankes drafted
A
a few months ago by his party, the ruling Popular
Democratic Party (PPD) to bos 3 the Government Debelopment Bank,
a
one
deeply-thoughtful well
regarded ghakes his head: "After 25 years what have we to show? Our
industrialization program has been anything but a success. we had been
m
competitive here, with this gfeat tax incentive we have, we'd have beep
smothered by factories. Where are they? The wage differential is completely
Document source description
This file contains materials relating to the Ad hoc Advisory Committee on Puerto Rico and the proposed compact of permanent union.
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"ocrText": "4\nR. FORD\nhandouts hangs over - Puerto Rico.\nIs the answer more inducements, other inducements to the factories?\nTão months ago\napproved\nGoyeinor Rffael Hernandez Colon\na new wrinkle in wage\nwill\nincentives. The government pay 25% of the production payroll\ncosts\nor new factories meeting certain criteria\nfor the first two years\nwith\nThe subsidy will help I (start-up costs and the learning curves\nIt wibl not go to a factory that does not show permanence and\nwill\nnot be\ntill\n* paid over\nthe two years elasse, to make\nsure the industry doesn t\nlevant.\ndozen prospects\narexia negotiating no dealsx so fard\nThe basic) however,\nfeeling that something is fundamentally wrong, that\nPuerto Rico has to start all over again and the sooner the better.\na netiren private banker\nGuillerno Rodriguez Benitez, legantly battored bankes drafted\nA\na few months ago by his party, the ruling Popular\nDemocratic Party (PPD) to bos 3 the Government Debelopment Bank,\na\none\ndeeply-thoughtful well\nregarded ghakes his head: \"After 25 years what have we to show? Our\nindustrialization program has been anything but a success. we had been\nm\ncompetitive here, with this gfeat tax incentive we have, we'd have beep\nsmothered by factories. Where are they? The wage differential is completely"
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